Evening star. [volume] (Washington, D.C.) 1854-1972, 1887-03-10

THE ALLEGED RAILROAD DEAL.
A Denial that Mr. Garrett has Trans.
ferred His Stock.
PUBLIc-A B. AND o. MAN SAYS AN ARRANGEMENT
HAS BEEN MADE OF MUTUAL ADVANTAGE TO ALL
CoNCERNED-THE PENNSYLVANIA SAID NOT no BIZ IN
THE "DRAL"
Financial and railroad circles continue agitated
over the alleged sale OF controlling interest OF
the Baltimore and Ohio railroad. Baltimore
gentleman said to be near to Mr.. Garrett is quoted
as stating last night that no agreement or con-
tract exists for such transfer. He at the same
Time stated that syndicate will probably be
formed, or which Mr.. Garrett will be a men,
ber for the working OF such a railroad system as
Is spoken Of 1t was said that an offer OF IS 3OO-
COO had been made for the Baltimore and Ohio's
telegraph system, and 81 OO0, 900 for the express
business, both OF which had been declined. The
determined refusal OF Mr.. Garrett to confirm or
deny any of the statements causes considerable
speculation and anxiety.
BALTIMORE AND OHIO STATEMENT.
The Baltimore Sun Of to-day publishes the fol-
lowing as statement from gentleman prominent
in Baltimore and Ohio circles:
"The Baltimore and Ohio corporation has money
.U Gnu Soueu aHu cilcIRy III lUS reSp0nSlUe
direction, and whether wise or otherwise looking
TO immediate results when it started for Phila-
qepaa 9 a. IL ,n meant to go to New York, and going
tnere, 10 stay. When the new line was completed
to Philadelphia it found itself shut out OF New
,a dorh except as dependent OF rival lines. 1t
CouN; @ y. course, Duild an independent line into
New York as IT had into Philadelphia, but this
would have been expensive. The attempt OF Mr..
Garrett to enter New York was watched by Mr.
Sent " wi' tbe neer ana wnen the presi-
9ent Oi tne new line reached Philadelphia
he unexpectedly saw for the first time
S9 Inc alncuIty ne would have to reach
taso nls - HIminuS G MT: Gould took advan-
Caso y. MI I. SarIetl dlncultleS Oy attempting 10
seIeng lnen niS telegraph mOnoply. Mr. Gould, TO
Ild niHSell OF nlS strongest Geographic compet1-
h enoea'oreG S 70 place himself In position In
Wnicn ne cOuu dictate terms TO Mr.. Garrett:
Mnere ne cOuid say to him, in substance: IF you
VIII Transfer the B. and o. telegraph system to the
Mestean Union VIII agree that the B. and o. rail-
road secures an entrance into New York over the
tracks o! tne Jersey central MI. Gould and his
IepresenoatlVeS endeavOred TO create the impress
tnlS enc. Notwithstanding the repeated denialS
!naue at tne Time Dy Mr. Garrett. In the mean
ohe m mi. GOulo ana MS friends secured such hold
on Jersey Central that they could force such an
ISSUE On M: Garrett. IL Will De remembered that
Wnen tne b. and o. first made its proposition for
the @ate1 Wah s Raang m aaa
miCIee oI Ine Jersey central directors. AT that
tilne @ Inis cohmttee was IN favor OF the propOsl-
in the syndicate said that the the reerencs
was oaiy lor Ine purpose oi arranging detalls Inc
matCer, however, mas never reached vote, and
IenalnS unSetIle0 10 tnS DAY, SO lar as That COM
mittee Is concerned.
IN Ine meanIline tne 8. ana .. went on with
!IS pians W pIcnasilg M tne StaIen Island terinl-
nus anu CollpleIng lts ROAD 10 Phliadeiphla. Inc
impOrtanI develOpMenIS OF the past few weeks
nave cnangeu Cne enure aspect OF tne railroad
sltuatlon ana IL may DE said, without the fear OF
@ suCCeiu III cIaStaHcIon; % snaS tne 3; ana .. mas
secuIea the rignC Oh Way lEIo New YORK upon very
1avoraDie terms. ana over the Reading and Jersey
Central tracks from Philadelphia, and it will soon
America, with over 10000 miles OF track. by
gaming an entrance INTO New York over the
tracks OF the jersey central, the Baltimore and
ONO ONO secures over Is tracks, from washington to
Phliadelphia, the business not only OF the jersey
Centrai OUT OF New YORK gong sOuth, put PROB
a0ly OF the most extensive railway system OF the
world. IL lnciudeS Ihe Phliadelpnla ana Reading
system, the Richmond terminal and Richmond and
DanFine N prOpertles, lhe East Iennessee, virginia
anu llne tne Cenlrai railroad OF Georgia,
WIN tnelr so9thern extensions ana connexions,
Ieacnlng Irom washington 10 hlcnmohd, Cnarles-
4n, Savannan ana Inc Flor,da UoMnS, A1iaHaa,
Orleans ana tne ra1lroadS In IeAas, lncludlng the
southern Pacihc TO San francisco. AS freight is
will become FEEDER to the B. and o. between
washington ana Phlladelph1a, ana the prosperity
OF the company is tnat OF the city OF Baltimore.
the Baltimore and Ohio railroad are so indiSsOubly
unked'aStO make tee progress ana prosperity OF
the one aOsoiutely dependent upon ana coincident
with the progress and prosperity OF the other and
the managers OF the b. and U. say they Will con-
tinue in the future, as in the past, to do every
thing to build up the city OF Baltimore. And when
the details Of the new traffic arrangement are per-
IecIed ana mace pubic IL WIN give Baitlmore wnas
ern cnnnection Which viii add ~reatsv IN he nroS
perity OF the city, AS a railroad question it was
absurd for the managers OF the b. and .. to at
" einpe Iba 20 tnousanoS ol es 05 rarIaa
trafiic tberefrnm over the forty miles Of M itS
washington branch but the Gentlemen who
control the o. oOO' miles Of road in tne
south sought the B. and o. to obtain an outlet
IN the metropolis OF the country. the president
VI th I1 a1,, d. ,a anu ~ gasT g; mGay H mecoe @ w
business of his COMPANY and an arrangement was
erected to the mutual advantage OF ali Interested
and it may also be said he is one OF the principals
Of the great syndicate This is about all there is in
the situation 80 far. It might also be said that
large advance over the current rates has been
offered to Mr. Garrett for controlling interest OF
the stock OF the company, but thus far no trans
fer has been made. The stock Of the company has
never been speculative-never been forced up or
his own selfish ends 1t is believed, however, that
Mr.. Garrett can, II he sees NJ, deliver controll-
ing ineerest IN tne So0ck ot Ine e company 10 any
Garretts viii nrohiSfinU his tr,staes from SeI,n9
his holding for twenty years would not, in the